December 2014: India’s core sector growth slows
India’s core sector growth slowed to 2.4% in December 2014, compared to 6.7% in November 2014 and 4% in December 2013.
Cement production was up 3.8%, compared to 11.3% growth in November. Coal output growth came in at 7.5% in December, down on the 14.5% growth recorded in November 2014. Meanwhile, steel output declined by 2.4%, following positive growth of 1.3% in November 2014 and 10.4% in December 2013.
Electricity generation grew by 3.7% in December. Although positive, the pace of growth was slower than the preceding month of November (11.3%) and the corresponding month in 2013 (7.6%). Crude oil, natural gas and fertilizers contracted by 1.4%, 3.5% and 1.6%, respectively, during the month. The final sector of the eight core industries – petroleum and refinery products – experienced growth of 6.1%.
Edited from various sources by Louise Fordham
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/02022015/core-sector-growth-slows-in-india-december-2014-255/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.